Governor Chris Christie • Lt.Governor Kim Guadagno  
The Official Web Site For The State of New Jersey - Department of Treasury
Global Navigation
FAQs Departments/ Agencies Services A to Z NJ Home Page
Disclaimer


GROSS INCOME TAX
INCOME TAX RATE FOR THE NJ-1080C, COMPOSITE RETURN


The New Jersey Administrative Code at N.J.A.C. 18:35-5.2 requires income taxation on composite returns, (Form NJ-1080C) at the highest rate. For tax years beginning on or before 12/31/12 the Division will continue to allowing the use of two rates in order to encourage nonresident individuals to elect to participate in a composite return.

Entities preparing and filing the NJ-1080C return for participating taxpayers with New Jersey sourced income from the entity of less than $250,000 will apply the 6.37% rate and for participating taxpayers with New Jersey sourced income of $250,000 or more will apply the highest tax rate which was 10.75% in 2009 and 8.97% in 2010, 2011 & 2012.

The Division is reviewing its composite return policy which may result in a revision for tax years beginning on and after January 1, 2013. Any prospective change in policy will be posted on the Divisionís website.


Last Updated: Tuesday, 07/16/13



Taxation: Home | Site Index | Site Help | Legislature | Judiciary | Revenue | IRS | Other Tax Links
Treasury: Home | ServicesPeopleBusinesses | Divisions/AgenciesForms
Statewide:
NJ Home | Services A to Z | Departments/Agencies | FAQs
Copyright © State of New Jersey, 1996-
This site is maintained by the Division of Revenue and Enterprise Services.


Accessibility Statement Legal Statement Privacy Notice Contact Us Open Public Records Act